Property
Megaworld tightens grip on Iloilo office market
Megaworld Corp., the listed property development arm of billionaire Andrew Tan, is cementing its dominance in Western Visayas, capturing a commanding 48 percent share of Iloilo’s office market as demand continues to shift toward integrated township developments outside Metro Manila.
Torre Lorenzo breaks ground on Davao Crest Suites
Business and leisure converge in Davao City as Crest Suites at Tierra Davao, the latest hospitality development of Torre Lorenzo Development Corporation (TLDC), officially breaks ground, marking a strategic expansion of the company’s hospitality footprint beyond Metro Manila.
Megaworld sustains growth as townships drive stability
Property giant Megaworld Corporation posted a 6 percent rise in net income in the first quarter of 2026, reaching P6.2 billion from P5.8 billion a year earlier, supported by steady gains across its leasing, hotel, and residential businesses.
Affordable housing fuels Metro Manila condo recovery
Metro Manila’s residential condominium market is beginning to show signs of recovery, largely fueled by sustained demand for affordable housing—even as vacancy rates remain elevated, according to Colliers Philippines.
SMHCC taps Lucas to lead SMX, launch SMXCITE
SM Hotels and Conventions Corp. (SMHCC) has named industry veteran Sherwin Lucas as general manager of SMX Convention Center Manila, entrusting him as well with leading the rollout of SMXCITE (SMX Center for International Trade and Exhibitions), the company’s flagship venue slated to rise within the Mall of Asia Complex by 2027.
